SAINT PAUL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CONNECTUP INSTITUTE, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $638K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 17% operating margin.
ConnectUP! Institute is a Black Native-led nonprofit social enterprise based in Saint Paul MN. Our mission: we curate connections among entrepreneurs investors and the business ecosystem to advance equitable access to capital resources and networks for underinvested communities with an emphasis on Black and Brown women and their lived experiences. Significant programs include ConnectUP! Summit is the premiere entrepreneur ecosystem event in Minnesota. The ConnectUP! Summit offers action-oriented content and collaborative networking spaces to bridge the 180 degrees of separation between entrepreneurs from underestimated communities local values-aligned investors and business support organizations statewide. The Summit strengthens an equitable entrepreneur ecosystem that helps all founders get to the next level driving positive sustainable investment and social impact grounded in economic justice; See Schedule O for further information
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $638,171 | $479,058 | +0.3% |
| Expenses | $529,780 | $455,571 | +0.2% |
| Net Income | $108,391 | $23,487 | +3.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Y Elaine Rasmussen | President | 40.00 |
Officer
Key Emp
Highest
|
$66,536 | $14,766 | $81,302 |
| Leigh Lester | Co-Chair Person | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Denise Butler | Co-Chair Person | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Victor Jones | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Felicia DeSmith | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rebecca Blumenshine | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $638,171 | $529,780 | $785,263 | $108,391 |
| 2023 | $479,058 | $455,571 | $640,735 | $23,487 |
| 2022 | $650,425 | $394,881 | $403,927 | $255,544 |
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